111 Central Avenue S, Kent, WA 98032
- $690,000
Listing courtesy of Windermere Real Estate/HLC. Selling Office: ZNonMember-Office-MLS.
- Sold Price
- $690,000
- List Price
- $695,000
- Status
- SOLD
- MLS#
- 2341252
- Closing Date
- May 02, 2025
- Days on Market
- 6
- Annual Tax Ammount
- 7289
Property Description
Positioned strategically on Central Ave South in Kent, this exceptional auto sales property offers tremendous value and potential. Just under half an acre, this well-established location features a functional building with two service bays perfect for vehicle preparation or light maintenance. The interior includes private offices for conducting business transactions and customer waiting area. Currently operating as a sales lot under a long-term lease, this property delivers immediate cash flow while offering a blank canvas for future redevelopment. The prime Kent location ensures excellent visibility and traffic exposure, making it ideal for continued automotive use or reimagining into another commercial venture.
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Additional Information
- Community
- Kent
- Style
- 60 - Comm Bldg Und 10K
- Year Built
- 1973
- Tax Year
- 2024
- Potential Terms
- Cash Out
- Interior Features
- Concrete
- Flooring
- Concrete
- Driving Directions
- From E Smith Go South on Central Ave S to property on your Right.
- Energy Source
- Electric
- Net Operating Income
- $34,776
- Gross Adjusted Income
- $42,661
- Gross Scheduled Income
- $42,661
- Cap Rate
- 5
- Total Expenses
- $7,885
Based on information submitted to the MLS GRID as of . All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.IDX information is provided exclusively for consumers’ personal noncommercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.